Just wait for a stupid Patwari response on these facts and figures
Here are the blue prints to fix a broken economy left by Pmln:
- massively decrease import bill
- massively curb demand
- massively increase interest rate
- massively increase taxes and tariffs on everything
- massively depreciate value of currency
This resulted in build up of foreign exchange reserves. Pakistan avoided default on its foreign payments. Exports are gradually increasing.
you are merely parroting the conjectures and shallow statements of the 'keynesian' economic(!) managers of Pakistan aka PTI ministers and asad umer inc who are themselves inept and totally out of touch with situation of ground
1. massively decrease imports
you cannot 100 percent kill imports sans the luxury items . for a country like Pakistan having no local manufacturing (except cement, textiles etc) , it is pointless to kill imports 100 %
take for eg the healthcare industry
100 % hi tech medical equipment ( CT scan, MRI, even X ray filsm) HAVE to be imported since these are extremely complicated and hi tech machines ( only 3,4 countries in the world make them) .
thanks to tabdeeli sarkaar and hi dollar, the import of these essential equipment is all but zero and is massively impacting the healthcare sector
i can quote you 10 more examples like above
2 . massively curb demand
wtf, what does that even mean ? are you suggesting we stop eating ? driving ? having sex ?
3 .massively increase interest rate
already very high at 13 percent and practically no one is borrowing . how much more do you want , 50 percent ?
4 .massively increase taxes and tariffs on everything
see reply to pt 1
5.massively depreciate value of currency
already done by PTI
as a result, we are having 10 year record high inflation , almost a dead economy and no purchasing power.
These are all stop gap measures, resulted in inflation and price hike. I ask again what are the blue prints to fix the economy. None of these will fix anything; exports will and then when people make money taxing them. So what has been done so far? or what's in the pipeline?
there are so far NONE with PTI